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that he just won an election which he did. he also can nominate those that he thinks is best. it's also the job of the united states senate, according to the constitution, for advice and consent. and that's our role and i take that very seriously. >> bill: all right. on tax and funding, are we going to work this out here and what's the time line? >> well, they are not meeting this week which is interesting, so there doesn't seem to be as much a sense of sur urgency as the markets indicate. depends on both sides and what they view as a lesson of the election. the republicans maintain their majority in the house. the president won a victory. i think there is every responsibility that we could kick the can down the road for six months or so by just saying put everything on hold. also, if you are willing to going to solve this problem and address it you have got to go after entitlements everybody knows that's the third rail. that's why that part has to be bipartisan the way it was with at this point o'neil and ronald reagan. >> you think congress may pass a short-term extension of what see
up to the election -- let's shovel out more unemployment. i'm excited. woo! >> if the potential growth rate is 2.5 -- >> is this what we're looking at next month? have you already had the secret meeting? >> i wasn't on the call for that one. my point is that there was enough growth in the third quarter to bring down the unemployment rate. >> if that's the growth that makes you and the world happy, you'll be happy for ten years. >> when you have growth above potential it's sufficient to bring down the unemployment rate. maybe the decline of the unemployment rate was actually for real. >> i'm one of those people -- >> you're not going to convince me. >> i was one of those people skeptical about the last unemployment number that we saw. that makes this unemployment number so much more important as you say. if all those things line up and we're talking about some pretty big ifs, i'll be ready to buy the stock market if we get good gdp number and solid unemployment number, that hasn't happened yet. >> there's another way to quickly look at it. if you get that seven basis point jump o
tax rates. if they raise taxes they will lose the primary and there's no general election, they don't have to where he about voters. >> are democrats signaling where they may be willing to compromise? >> reporter: president has been willing to talk about social security and medicare and put entitlements on the table. the problem the president has is many parts of his base, including some of those house democrats that he might need in some sort of forged compromise, they are not crazy about doing that. we won. the mandate is to raise taxes. there was no mandate from the voters to tinker with social security and tinker with medicare, but at some point the president's going to put that on the table, and the question will his base let him do it? >> let me switch gears a bit. i want to ask you about senator john mccain. he, of course, has been very critical about the potential nomination of u.n. ambassador susan rice to be secretary of state, something that hasn't happened yet. he appeared to strike a more conciliatory tone over the weekend. i'm going to play two statements for you, john
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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